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On June 5, 2022, Brown, Inc., a calendar year taxpayer, receives cash of $953,500 from the county upon condemnation of its warehouse building (adjusted basis

On June 5, 2022, Brown, Inc., a calendar year taxpayer, receives cash of $953,500 from the county upon condemnation of its warehouse building (adjusted basis of $667,450 and fair market value of $953,...

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